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K9 Gold Announces Private Placement to Continue Drilling at Stony Lake
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2022) - K9 Gold Corp. (TSXV: KNC) (FS...
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[{"type":"text","content":"K9 Gold Announces Private Placement to Continue Drilling at Stony LakeVancouver, British Columbia--(Newsfile Corp. - April 6, 2022) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTCQB: WDFCF) (\"K9\" or the \"Company\") is pleased to announce a non-brokered private placement (the \"Private Placement\") of up to 10,000,000 flow through units (the \"FT Units\") at a price of $0.20 per FT Unit and up to 5,000,000 units (the \"Units\") at a price of $0.15 per Unit. The Units are non-flow through. Each Unit and FT Unit will consist of one common share and one share purchase warrant, with each whole share purchase warrant being exercisable for a period of two years at a price of $0.25 per share.Proceeds from the Private Placement will be used for drilling and exploration on the Stony Lake Gold Project, particularly in the Jumper's Pond area where drilling in late 2021 intersected multiple very wide zones of significant gold mineralization.The Private Placement will include commissions of 8% cash and 8% warrants payable both on the placement of the FT Units and on the placement of the Units. All securities issued pursuant to this financing are subject to a four month hold period from the date of issuance. The Private Placement is subject to approval from the TSX Venture Exchange.Chris M. Healey, P. Geo, Chief Geologist and a Director of K9 Gold Corp., is the qualified person under NI 43-101 guidelines who is responsible for the technical content of this release, and consents to its release. Toll Free Number: (833) 434-GOLD (4653)Kosta TsoutsisDirectorK9 Gold Corp.email: [email protected]: 604 808-9134Brian MorrisonChief Financial Officer and DirectorK9 Gold Corp.email: [email protected]: 604 312-6910The Company is listed on the TSX Venture Exchange.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Disclaimer for Forward-Looking InformationCertain statements in this release are forward-looking statements, which reflect the expectations of management regarding K9's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including an...